IPhone X Made 5x the Profit of 600 Android OEMs Combined

IPhone X Made 5x the Profit of 600 Android OEMs Combined

Counterpoint recently released the results of their research which covered the last calendar quarter of 2017.According to the research, Apple has taken the top spot in the smartphone profit market yet again.

AAPL has been the subject of a number of research reports.

"The share of the iPhone X is likely to grow as it advances further into its life-cycle", Counterpoint Analyst Karn Chauhan said.

Interestingly, the iPhone X generated 5 times more profit than the combined profits of over 600 Android smartphone makers during the fourth quarter of 2017.

In fact, the report details that Apple's 10 anniversary-edition iPhone X alone generated close to 35 percent of the total handset industry profits. Today we learn that Apple has once again racked up the most profits in the smartphone industry for Q4 2017 in blowout fashion. Thanks to a host of budget smartphones on offer by Chinese OEMs, their cumulative profits crossed US$ 1.3 billion during Q4 2017. There is also a rumor that Apple may choose to split the launch and the follow-up for the iPhone X could get launched as early as June or in the early third-quarter of 2018. Of course that's nothing new for Apple who is known to be the most profitable smartphone company in the world by a wide margin. Just look at this picture of 20 embarrassing iPhone X copycats in a single image.

Still, Apple products accounted for eight of the top ten best selling smartphones.

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Previously, the analyst Ming-Chi Kuo appeared to cast doubt on an iPhone SE 2 back in January, saying that Apple wouldn't have the internal resources to develop a new model.

Much of this was fuelled by the success of the iPhone X which alone generated 35 per cent of the total smartphone industry profits.

On Wednesday, Consomac reported on a new filing that details a total of 11 different iPhone model numbers have been approved by the EEC.

Spotted by MacRumors, none of these codenames correspond with any of Apple's existing devices and device codes like this have been able to give up secrets like the existence of new iPads prior to their launches. For the next year, analysts expect that the company will report sales of $265.31 billion per share, with estimates ranging from $240.25 billion to $275.32 billion. Huawei emerged as the leading brand among all the Chinese brands, as the company's profit increased by 59 percent (YoY).

Another interesting takeaway from the report is that the last quarter also proved to be fruitful for Android smartphone makers which not only increased their profits, but their revenues too. But the trend seems clear and helps to shed a more positive light on those lower than expected iPhone X sales.

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